Aussies set to hit the beach with a closer eye on their wallets, says ING

By JP Pelosi · · 2 min read
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Sydney beach
Getty image: Young woman at Sydney beach

New ING research shows that most Aussie beachgoers (86%) say the rising cost of living has made them more likely to seek out free activities this summer, with more than half admitting that their main reason for spending time at the beach is because it's free. 

In addition, around 40% say they plan to hit our shores to escape the predicted hot temperatures, with 21% planning to save costs on air conditioning by using the ocean to cool down. 

But despite the beach being a free activity, beachgoers are willing to spend an average of $230 to cover items such as canopies, picnics and beach chairs to elevate their beach day, as per ING's survey. 

Beat the summer: save more money

No matter how you spend this summer however, managing your budget will surely be top of mind. Costs have been higher this year and we’re all feeling the pinch. 

Yet there are two important things you can do to help cool the burning hole in your pocket: 

  1. Think ahead by drawing up a simple budget. Know what you need and how much you can afford to spend on it.
  2. Stash your money in a good savings account. You need an account that earns a better rate of interest and doesn’t smack you with ridiculous fees. 

These two things are achievable! At Mozo, we help Aussies work out better budgets and you can read up on how to do this in one of our many budgeting guides such as this one. We also have experts who decipher which savings accounts are the best in the market. You can start comparing a few of the top savers below.

Have a great budget-friendly summer, everyone!

Compare savings accounts - last updated 4 May 2024

Search promoted savings accounts below or do a full Mozo database search. Advertiser disclosure
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    Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account . Receive the maximum rate when you grow your balance by at least $200 each month. No Account keeping fees. No minimum balance.

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    Enjoy a bonus rate when you deposit at least $1000 per month with the AMP Saver Account.

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^See information about the Mozo Experts Choice Savings Account Awards

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